Replies to post #132861 on Sulja Bros. Building Supplies, Ltd (SLJB)

[MrBankRoll]

Sulja Bros. Building Supplies Ltd. Announces Today That the Board of Directors Has Reviewed the Financials
Wednesday October 25, 11:56 am ET

WINDSOR, ON--(MARKET WIRE)--Oct 25, 2006 -- Sulja Bros. Building Supplies Ltd. (Other OTC:SLJB.PK - News) today announces that the Board of Directors have received the financials and reviewed them over the weekend. The financials have not been made public because there were some issues with the wording because of problems in translation. CEO Vucicevich stated today, "Due to the end of Ramadan and the celebration of Eid this week, we have not been able to make necessary changes with our auditors in the Middle East. Releasing the financials without giving them prior notice and making the changes would not be a good idea. I would like to state again, that we are in possession of the financials at the moment, but we do need to make these changes before we release them. If not corrected it would lead to a lot of confusion among our shareholders and we definitely do not want that."

CEO Vucicevich also said, "We have no intentions of keeping the financials private, we are only waiting to make it more transparent. We will release them as soon as all necessary corrections are made."

[andrius]

thats not what it says in the PR. "The financials have not been made public because there were some issues with the wording because of problems in translation."

They used Ramadan as a holiday excuse to make it seem like they can't make "necessary changes" to get financials available. If they have the numbers there should be no need for "necessary changes" unless they want to change the numbers to make them look different than they are. Which sounds a little troubling.

Either way they had many months to get this done and there were no holidays in the middle east to prevent them from doing so. But for some reason they didn't get it done and now they continue giving more and more excuses.

Let me guess, by the time they'll get these numbers ready they won't release them because they'll be old and they'll PR us saying they have new quarterlys coming out and they need more time to do those since our old numbers don't mean jack anymore.